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415 Fischer Street, Glendale, CA 91205

Commercial property · 2 recorded sales since 2018

415 Fischer Street, Glendale, CA 91205 Sold October 2018 CRMLS
$1,990,000Sold October 2018

Listing Agent: Reza Ghobadi (DRE #01780045) · Listing Office: Reza Ghobadi · Contact: 818-325-4142 · Bought with: Ani Eskandarian · Coldwell Banker Hallmark · MLS #SR18129855 · Source: CRMLS

5,380
Building Sq Ft
21
Units
3.59%
Cap Rate
$75,389
NOI
7,417 sqft
Lot Size
1954
Year Built
Commercial property
Type

About this commercial property

This is a well-appointed 6-unit apartment complex at 415 Fischer Street in the city of Glendale California. Situated in a prime location just steps from Colorado Street, the property is comprised of two buildings. The front building offers four spacious two-bedroom units, each with one and a half bathrooms. The building in the back offers two one-bedroom/one-bathroom units which are located above the garages. Both buildings offers more than 5,300 square feet of rentable space on 7,417 square feet of land. Built in 1954 this complex offers three garages and three open parking spaces. Featuring an on-site laundry facility which currently not been used is added value for the next owner for additional income. Furthermore, the property was upgraded with new roof and copper plumbing approximately nine years ago. In addition, the property is separately metered for gas and electricity.
 
 Located south of Colorado Street and west of Verdugo Road, this complex is within walking distance to all restaurants and retailers venues that line Colorado Street. Furthermore, the property is close approximately to 134, 2, 5 and 210 Freeways. 
 
 The property’s prime location, coupled with upside potential, make it a fantastic investment opportunity.

Listing description from the October 2018 sale, as reported to CRMLS.

Sale history

$1,990,000
Sold October 2018 · listed $2,100,000, on market May 2018 · MLS #SR18129855 · Source: CRMLS
Listing Agent: Reza Ghobadi · Listing Office: Reza Ghobadi · Contact: 818-325-4142 · Bought with: Ani Eskandarian · Coldwell Banker Hallmark
$1,990,000
Sold October 2018 · listed $2,100,000, on market May 2018 · MLS #SR18190757 · Source: CRMLS
Listing Agent: Reza Ghobadi · Listing Office: Reza Ghobadi · Contact: 818-325-4142 · Bought with: Ani Eskandarian · Coldwell Banker Hallmark
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